Jan 30, 2020 | Congressional Legislation, News
House Passes H.R. 3621, Legislation to Overhaul Credit Reporting System Yesterday, the House of Representatives passed H.R. 3621, the Comprehensive CREDIT Act, which was introduced by Rep. Ayanna Pressley (D-Mass.) to make changes to the credit reporting system....
Jan 28, 2020 | Congressional Legislation, News
HFSC Seeks Information on Role of Alternative Data in Expanding Credit Access Last week, the House Financial Services Committee (HFSC) sent a letter to the Government Accountability Office requesting information about the benefits and disadvantages of using...
Jan 7, 2020 | Congressional Legislation, News
In a letter sent to Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams last month, Representative Katie Porter (D-Calif.) requested that the agency closely examine partnerships between online lenders and banks. These partnerships have come under...
Dec 31, 2019 | Congressional Legislation, News
Recently, Senate Banking Committee Chairman Mike Crapo (R-Idaho) announced his opposition to the Secure and Fair Enforcement (SAFE) Banking Act of 2019, which was introduced by Rep. Ed Perlmutter (D-Colo.) in March and passed the House of Representatives in September...
Dec 30, 2019 | Congressional Legislation, News
Earlier this month, Representative Maxine Waters (D-Calif.), Chairwoman of the House Financial Services Committee, sent a letter to Consumer Financial Protection Bureau (CFPB) Director Kathleen Kraninger accusing her of politicizing the Bureau. The letter came after...
Dec 26, 2019 | Congressional Legislation, News
Earlier this month, the House of Representatives passed S. 256, the Esther Martinez Native American Languages Programs Reauthorization Act, a bill that protects the survival and continuity of Native American languages by strongly funding them from fiscal year 2020...
